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Income Tax - Highlights / Catch Notes

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Additional Depreciation on Power Generation Unit - u/s ...

Case Laws     Income Tax

April 19, 2022

Additional Depreciation on Power Generation Unit - u/s 32(1)(iia) - The provisions do not state that setting up of a new machinery or plant, which was acquired and installed after 31-3-2002, should have any operational connectivity to article or thing that was already being manufactured by the assessee. - AT

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